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William Hill Shares Hit Three Year Low

William Hill has noted that their shareholder prices have hit a three-year low, as the group has had to take extreme measures to combat problem gambling.

The company's bottom line has been hurt by the automatic series of self-exclusions and induced timeouts, as it is estimated that 2,500 people weekly have their player accounts locked. The original implementation of the problem gambling precautions was thought to cause some setback in revenues, and it is predicted that William Hill will suffer £12.7 million in losses from self-exclusions, with an extra £15.4 million coming from automatic timeouts on accounts.

While it is never good to hear about a company struggling, it certainly seems that it would be better to see thousands of punters being protected from making poor decisions based on gambling addiction, than to see a company's bottom line propped up by those who may have a problem.

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24 June 2016 - 9:57pm

Fully agree with the last sentence of the above news, in fact this is a good news for all these punters who managed to find a way to control their gambling addiction, and William Hill and all the other gambling companies will just have to live with that.